Clydesdale Bank is reducing rates across its existing range of products from tomorrow.

The lender has also introduced new exclusive two-year and five-year fixed remortgage rates at 75% LTV at 5.59% and 5.25% respectively.

Both come with £500 cashback.

For existing remortgagers, two-year fixed rates at 80% LTV have been reduced by 0.11% to 5.99%, while its five-year fix has been reduced by 0.10% to 5.49%.

These deals are available on loan sizes between £200,000 and £1.5m.

It has also made reductions across its exclusive large loan deals, which are available for loans between £1m and £2m.

Two-year fixed rates at 65% and 75% LTV have been reduced by 0.10%, starting from 5.88%, while a five-year fixed rate at 75% LTV has been cut by 0.06% to 5.43%.

For new and existing customers, professional two-year fixed rates have been cut by up to 0.10%, while professional five-year fixes have also been reduced by 0.10% starting from 5.35%.

Its newly qualified professional two-year fixed rates between 75% and 90% LTV have been reduced by 0.10%, starting from 6.35%.

Finally, newly qualified professional five-year fixes have been cut by up to 0.20%, starting from 5.65%.